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Technology Stocks : Applied Magnetics Corp -- Ignore unavailable to you. Want to Upgrade?

To: Spots who wrote (11670)	3/29/1998 6:30:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 12298

Spots, sometimes it is best to "walk away" from a stock that stung you (I finally got healed from my sting with MU in 1995 and from time to time raid it). APM has been extremely good to me in the past (well I was in at the last bottom but quit the ride much much too early) and I think that they might have a chance to pull another Phoenix Resurection here (They do it every few years, or so it seems), but I am not seeing the signs of a turn around, as yet, so I am patiently waiting. Zeev

To: Spots who wrote (11670)	3/29/1998 7:01:00 PM
From: 777 Captain	Respond to of 12298

Another weekend, another pile of data reviewed. It would appear that for no apparent fundamental reason, APM may be ready to test the next leg up. I can just see it now, the 2nd quarter loss comes in at expectations, e.g., (1.01 or thereabouts), and everybody says, "gee, if they can do this when the market is this depressed, they may have something here." Since the fundamentals are already out there, I have to go back to the technicals, (always dicey), but I must say that I am impressed with the tenacity of this stock. I'll stick my neck out and forecast a price of 14 - 15 per share prior to the earnings announcement. IMHO, Asia is starting to stabilize, and expect the FED to leave interest rates alone. Maybe people are dumb enough to believe this market will go to infinity. Whatever causes this market to stumble isn't out there yet, but when it rears its head, it will probably feel like a slug to the jaw. Just some ramblings - still have to digest some of this stuff.